The Board meeting is scheduled to be held on Friday, July 10, 2026.
The primary agenda for the meeting is to consider and evaluate a proposal for raising funds. The potential methods for fundraising include:
- Issuance of equity shares
- Issuance of any other equity-linked instruments
- Issuance of convertible securities
The fundraising may be conducted through one or more of the following modes:
- Private placement (including one or more qualified institutions placements)
- Further public issue of equity securities
- Further public issue of debt securities
- Preferential issue
- Rights issue
- Any other permissible mode under applicable laws
- A combination of the above modes
The proposal is subject to all necessary statutory, regulatory, and other approvals. This includes seeking the consent of the company's members (shareholders) by way of postal ballot.
The Board will also consider approving ancillary actions required for such fundraising.
The communication was signed by K V Lakshmi, Company Secretary & Compliance Officer, and digitally signed by Lakshmi Viswanathan Kunissery.